For all the handwringing about Romney's potential money advantage the WashPo this morning has a story, that is a bit hidden on their website, but the gist is that the Romney Campaign received an "unusual" $20 MILLION DOLLAR loan from the Bank of Georgetown to cover low cash flow over the summer. The funny thing is this is SUPPOSED to be the "I know business guy..." campaign. So how does he run short on cash????
More below the break.
Mitt Romney’s presidential campaign was so low on cash that it ended up engineering an unusual $20 million loan to meet expenses until the former Massachusetts governor was formally named as the Republican nominee in late August, officials disclosed Tuesday.So they JUST release news about it last night.... and he's the guy that supposedly has all this knowledge about business and balance sheet's and couldn't manage his money...makes you say hmmmm.
And here's the good news for those that are worrying about onslaught of Romney Ads come October...
Despite the closer contest in recent months, Obama has still raised far more than his competitor overall and, as of the end of July, had amassed a 3-to-1 staffing advantage on the Republicans. Obama also has more money under his direct control in his campaign bank account, allowing him to take advantage of statutory discounts for ad rates.Purely on the issue of campaign finances alone who is the better choice.....OBAMA!!!
Romney, by contrast, has more money stashed in accounts held by the Republican Party, which can accept large checks from the wealthy donors that Romney has relied upon. This will give his campaign less flexibility on how to spend the money in the final weeks.